{"id":207971,"date":"2025-12-24T04:10:21","date_gmt":"2025-12-24T04:10:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/207971\/"},"modified":"2025-12-24T04:10:21","modified_gmt":"2025-12-24T04:10:21","slug":"turkiye-scraps-inflation-accounting-for-banks-financial-companies","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/207971\/","title":{"rendered":"T\u00fcrkiye scraps inflation accounting for banks, financial companies"},"content":{"rendered":"<p>T\u00fcrkiye&#8217;s banking regulator on Tuesday announced it was scrapping the application of inflation accounting for banks, financial leasing, factoring, financing, savings financing and asset management companies.<\/p>\n<p>The decision was taken at a meeting last week, the Banking Regulation and Supervision Agency (BDDK) said in a statement.<\/p>\n<p>The BDDK had previously decided that financial institutions would transition to inflation-adjusted accounting, but later said the practice would not be implemented in 2025.<\/p>\n<p>Adjusting balance sheets to take inflation into account would lead to reduced profits and, as a result, lower taxes.<\/p>\n<p>                    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/12\/JN9LXf.png\" alt=\"\"\/><\/p>\n<p>\n                    The Daily Sabah Newsletter\n                <\/p>\n<p>\n                    Keep up to date with what\u2019s happening in Turkey,<br \/>\n                    it\u2019s region and the world.\n                <\/p>\n<p>                    SIGN ME UP\n                <\/p>\n<p>\n                    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.<br \/>\n                    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.\n                <\/p>\n","protected":false},"excerpt":{"rendered":"T\u00fcrkiye&#8217;s banking regulator on Tuesday announced it was scrapping the application of inflation accounting for banks, financial leasing,&hellip;\n","protected":false},"author":2,"featured_media":207972,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2605,108810,72,113,108811,61,1095,60,4991,4992],"class_list":["post-207971","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-banking","tag-banking-sector","tag-business","tag-economy","tag-financial-sector","tag-ie","tag-inflation","tag-ireland","tag-turkish-economy","tag-turkiye"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/207971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=207971"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/207971\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/207972"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=207971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=207971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=207971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}